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MLS# 70957302 Single Family Home $205,000 Spencer, Massachusetts  

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Foreclosures

The problems in the sub prime lending area have led to a high amount of foreclosures. If a house has been through the foreclosure process then the lending bank takes ownership of the property. When looking to buy a foreclosure the process can take a little longer than purchasing a typical property. This is because banks are not set up to sell properties and they can be slow. In addition when purchasing a foreclosure the banks typically want you to sign various legal documents to protect them from liablity if there is something wrong with the house. Like buying any property you should have a home inspection and be wary of any problems. If you do your homework buying a foreclosure can be a great investment.

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Town Summary
Spencer, Massachusetts - 01562
County:Worcester County
Population: 11,645
Tax Rate: 7.92 (Tax Year 2008)
Town Profile:Town Profile for Spencer, MA
Web Site:Town Website
School Research Dept. of Education  |  Independent Research
View Map Of Town:Google Maps
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Listing Remarks
Beautifully maintained 3 bedroom home located on a dead end street. Minutes away from many major routes. Enjoy the nicely landscaped yard with perennial gardens and the babbling brook while you sit on your deck or patio. This home has plenty of storage, finished area downstairs, laundry room, and two fireplaces, one with a wood/coal stove. Brand new leach field and roof is approx. 6 years old. This is a must see!!!!!!!!!

Listing Information
MLS #: 70957302   Status: Active
List Price: $205,000
Style: Raised Ranch   Acres: .50
Lot Size: 22096 sqft.   Liv. Area: 1660 sqft.
 
Basement: Y   Garage: 1
Rooms: 6 Bedrooms: 3
Full Baths: 1
Half Baths: 0
Master Bath: N
 
Room Information
  Room Level   Dimensions Features
  Living Room 1   12X16 Fireplace Wall to Wall Carpet Bay/Bow Windows
  Family Room B   24X19 Fireplace Wood/Coal Stove
  Dining Room 1   14X10 Balcony/Deck
  Kitchen 1   9X10
  LAUNDRY B   7X5
  Master Bedroom 1   15X11 Wall to Wall Carpet
  Bedroom 2 1   11X10 Wall to Wall Carpet
  Bedroom 3 B   9X11 Wall to Wall Carpet




The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2005 MLS Property Information Network, Inc.
This listing is courtesy of Danielle Mann from Quaboag Valley Real Estate.
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Mortgage Pre Approval and Your Credit

The first step when looking for a home is to get pre-approved for a mortgage. The seller of a property wants to know that you are approved for a mortgage and that you can indeed afford the property. There are various mortgage programs available to you. Your credit score or FICO score will greatly affect the type of home loan you are able to receive. If you have bad credit you will pay a higher rate. There are ways to improve your credit score that you should consider as this can save you thousands of dollars in interest over the course of a loan. There are also ways to repair bad credit and small things you can do to improve your credit score in a short time. As many Americans have discovered a Fixed rate mortgage is much easier to manage than an Ajustable Rate Mortgage.

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